US Bancorp DE Buys Shares of 8,350 Weave Communications, Inc. (NYSE:WEAV)

US Bancorp DE purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,350 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds have also made changes to their positions in the stock. Silvercrest Asset Management Group LLC raised its holdings in Weave Communications by 39.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock worth $5,803,000 after acquiring an additional 143,382 shares during the period. Renaissance Technologies LLC boosted its stake in Weave Communications by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after purchasing an additional 89,600 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Weave Communications in the 1st quarter valued at approximately $1,816,000. Bailard Inc. bought a new position in Weave Communications in the 2nd quarter worth approximately $851,000. Finally, AXA S.A. acquired a new position in shares of Weave Communications during the second quarter worth approximately $11,590,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Trading Down 0.1 %

WEAV stock opened at $13.27 on Friday. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $14.50. The company has a current ratio of 1.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $12.74 and its 200-day moving average is $10.70. The firm has a market cap of $965.66 million, a P/E ratio of -33.18 and a beta of 2.08.

Insider Activity at Weave Communications

In related news, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the sale, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. This trade represents a 4.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alan Taylor sold 3,560 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the completion of the transaction, the chief financial officer now directly owns 525,555 shares in the company, valued at approximately $5,460,516.45. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 477,957 shares of company stock valued at $6,531,864 in the last 90 days. 36.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WEAV. The Goldman Sachs Group boosted their target price on shares of Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Piper Sandler upped their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Loop Capital lifted their target price on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $16.50.

Weave Communications Company Profile

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.